Freeport-McMoRan (NYSE:FCX) Price Target Raised to $70.00

Freeport-McMoRan (NYSE:FCX) had its price target lifted by Scotiabank from $63.00 to $70.00 in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the natural resource company’s stock.

Several other brokerages also recently weighed in on FCX. JPMorgan Chase & Co. raised their target price on Freeport-McMoRan from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Citigroup increased their price target on Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a report on Monday, January 12th. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $53.50 to $54.00 in a report on Friday, January 23rd. Royal Bank Of Canada cut their target price on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 1st. Finally, Raymond James Financial raised their price target on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.40.

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $63.67 on Monday. The firm has a market capitalization of $91.42 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. Freeport-McMoRan has a one year low of $27.66 and a one year high of $64.67. The stock’s 50 day moving average price is $51.13 and its 200 day moving average price is $45.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, sell-side analysts expect that Freeport-McMoRan will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 19.87%.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Freeport-McMoRan by 190.9% during the third quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after buying an additional 23,950,557 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after acquiring an additional 8,292,873 shares during the period. Mizuho Markets Cayman LP acquired a new stake in Freeport-McMoRan in the 2nd quarter valued at approximately $159,147,000. Crake Asset Management LLP raised its stake in Freeport-McMoRan by 60.6% during the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after acquiring an additional 3,593,050 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Freeport-McMoRan by 289.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after acquiring an additional 2,856,302 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan News Summary

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Analyst upgrades from Scotiabank lifted the stock outlook and helped buying interest. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, Scotiabank Analyst Says
• Positive Sentiment: CICC Research also raised its view, adding to the upgrade-driven momentum that traders are buying into. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, CICC Research Analyst Says
• Positive Sentiment: Coverage of the upgrades pushed FCX to intraday strength and a fresh 52‑week high, reinforcing momentum trading flows. Freeport-McMoRan (NYSE:FCX) Hits New 52-Week High on Analyst Upgrade
• Positive Sentiment: Freeport’s Q4 results beat estimates (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), showing leverage to higher copper prices and supporting cash‑flow upside if prices hold. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
• Neutral Sentiment: Market narratives about a structural copper shortage (AI, electrification, shrinking supply) are enhancing sector interest and benefit pure‑play copper names like FCX; this is a macro tailwind rather than company‑specific news.
• Neutral Sentiment: Investor attention/flow: Zacks pieces highlight FCX as a momentum/trending stock, which can amplify short‑term moves but does not change fundamentals. Here’s Why Freeport-McMoRan (FCX) is a Strong Momentum Stock
• Negative Sentiment: Operational risk remains: the Grasberg mudslide reduced output in 2025 and limits near‑term volumes; production uncertainty can keep a premium on copper but also creates volatility for FCX results. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
• Negative Sentiment: Valuation and near‑term copper risk: some forecasters (e.g., Goldman/S&P‑cited views) expect pressure on copper near term and the consensus price target implies limited upside from current levels — meaning upside depends heavily on sustained commodity prices.

About Freeport-McMoRan

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.